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Director Murray Stahl, and Horizon Kinetics Asset Management LLC, a ten percent owner, reported purchasing shares of Texas Pacific Land Corp (NYSE:TPL) on June 26, 2025. The company, currently valued at $24.4 billion, maintains exceptional financial health with an impressive 93.5% gross profit margin. According to InvestingPro analysis, TPL appears to be trading above its Fair Value.
The transactions involved the purchase of Texas Pacific Land Corp’s common stock at a price of $1045.81 to $1064.53 per share, totaling $10476. The stock has demonstrated strong financial stability, maintaining dividend payments for 12 consecutive years, with a current dividend yield of 0.6%.
Specifically, Horizon Kinetics Asset Management LLC, through various entities including Horizon Kinetics Hard Assets, HORIZON CREDIT OPPORTUNITY FUND LP, HORIZON COMMON INC, and POLESTAR OFFSHORE FUND LTD, acquired shares. An additional purchase was made directly. Get deeper insights into insider trading patterns and access 13 additional ProTips with InvestingPro’s comprehensive analysis tools.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a revenue shortfall. The company posted earnings per share of $5.24, narrowly missing the forecasted $5.27, while revenue came in at $196 million, significantly below the anticipated $228 million. Despite the revenue miss, the company maintained a strong adjusted EBITDA margin of 86.4% and achieved a 25% year-over-year growth in oil and gas royalty production. Texas Pacific Land also highlighted its strategic focus on desalination projects and water management, which positions it for long-term success.
In a separate development, Texas Capital Securities upgraded Texas Pacific Land’s stock from Hold to Buy, raising the price target to $1,280.00. The upgrade follows meetings with the company’s management and is based on positive outlooks for its desalination project and power generation opportunities. Texas Capital Securities also noted Texas Pacific Land’s potential as a consolidator of larger ranches in the Permian Basin over the next few years. The company continues to advance its desalination efforts, with a new unit expected to come online by the end of the year. These developments reflect Texas Pacific Land’s commitment to leveraging its financial position and innovative strategies to navigate market challenges and capitalize on growth opportunities.
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